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This year, the 30-year fixed mortgage rates has bounced between 6% and 7%. If you’ve been on the fence about buying a home, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a […]
Over the past year, home prices have a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. […]
Once you’ve decided to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home is while selling your house and you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why. At the height of the buying […]
Even though there is drastic demand for home buyers, the housing industry is experiencing very few homes for sale. To encourage buyers, sellers are coming up with multiple offers, and realtors are even trying to build homes in the city suburbs to meet the ever-increasing demand. Apart from these, realtors and buyers are looking out […]
The biggest challenge the housing market faces is how few homes are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two significant issues in today’s housing market. […]
Before you buy a home, it’s important to plan. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what it is […]
SETTING THE PRICE Pricing your home is a careful balance for selling your home. Set the price too low, and you leave money on the table. Set the price too high, and your home will be on the market for a long time, which compounds the problem as it raises questions about its sale-ability. As […]
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to […]
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering moving or selling your house, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. Keeping these three best practices in mind is a great way […]
As a homeowner looking to sell their house, you have three goals to accomplish: sell at the best possible price, make the process as painless as possible, and to sell the home within the least amount of time. A real estate agent can help you achieve that. Impact of the Internet Did you know that […]